Ocean Energy Resources

GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES

Introduction capability-based two-way CfD in Denmark

Wind Energy – Tender

One of the most notable updates to the upcoming Danish 3 GW Offshore Wind Tender is the introduction of a capability-based two-way CfD, which, unlike traditional CfDs, will be settled based on the potential generation of the wind farm rather than actual output.

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Equatorial Guinea signs $690 million LNG deal with Chevron

General – LNG Deal

Equatorial Guinea has signed an agreement with US energy giant Chevron to develop the Aseng Gas Project, marking a significant step in the country’s ambition to become a leading liquefied natural gas (LNG) processing hub in Africa.

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Japan moves to revive offshore wind ambitions with new project zones

Wind Energy – Japan

Japan has identified two new areas for offshore wind development in a bid to reignite momentum behind its green energy transition, following setbacks in the country’s flagship renewable programme.

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Hellenic Cables awarded inter-array cable supply for East Anglia TWO

Wind Energy – Inter Array Cables

Hellenic Cables has secured an order from offshore contractor Seaway7 to supply 165 km of 66kV submarine inter-array cables for the 960-MW East Anglia TWO offshore wind project in the UK.

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Subsea pre-commissioning contract in Australia comes to EnerMech

Fossil Energy – Pre-commissioning contract

Aberdeen-headquartered integrated solutions specialist EnerMech has secured a contract it describes as major for the delivery of pre-commissioning and specialist services for an offshore gas development in Australia.

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HMC secures contract for Andrew Platform decommissioning

Fossil Energy – Decommissioning

Following the successful removal of the DES Module at the Andrew platform last summer, Heerema Marine Contractors announced the award of a decommissioning contract by bp for the Engineering, Preparation and Removal (EPR) of the Andrew platform’s topside and jacket.

Completion of acquisition of additional interest in Cygnus Field

Fossil Energy – Acquisition

Ithaca Energy announced that, following its announcement on 20th May 2025 regarding the acquisition of an additional 46.25% interest in the Cygnus gas field from Spirit Energy, it has now completed the Transaction with all conditions precedent having been satisfied.

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Sweden moves closer to major offshore wind investment

Wind Energy – Sweden

Sweden is a step closer to adding a major source of renewable power after the County Administrative Board of Uppsala recommended government approval for Deep Wind Offshore’s planned Olof Skötkonung wind farm in the Gulf of Gävle.

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